Estonia, Good for Business, Markets and Companies
International Internet Magazine. Baltic States news & analytics
Thursday, 18.04.2024, 21:25
Estonia: FY profit of Neinar Seli's holding company up 2.5% at EUR 5.5 mln
Sales of the plastic packaging and packaging materials
producer Estiko-Plastar, which earned a net profit of close to 2.2 mln
euros on sales of 31.3 mln euros, accounted for the bulk of group sales posted
for the financial year, it appears from the annual report.
Exports accounted for 72% of the sales of Estiko-Plastar,
marking a new high for the past five years. The biggest export markets were
Latvia, Finland, Sweden, Norway and Denmark.
Property operator AS Tasku Keskus earned a net profit
of 1.3 mln euros on sales of 4.8 mln euros. Station Hotel, owner of Dorpat
Hotel, earned a net profit of 443,000 euros on sales of 1 mln euros.
For Estiko Energia, 2019 was the first full year of
business in the production of solar energy. The company owns 11 solar power
plants with a total output capacity of 2.2 megawatts.
According to the management board, the biggest challenge for
2020 is preparing the design of the Raadi solar power plant, arranging for
financing and the construction of the 50-60 megawatt plant that is to be built
on an area of 110 hectares at a cost of 45-50 mln euros.
Rondam Group employed a workforce of 173 people on
the average in 2019, translated into full-time jobs, five more than in 2018.
Wage costs increased 8.4% year on year to 4.1 mln euros.
Undistributed profit of Rondam Grupp stood at 53.9 mln
euros as at balance sheet date.
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